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Tag: 👨‍💻StartupTalkers

  • Natarajan Chandrasekaran: Breaking Barriers: Breaking Barriers with His Leadership at Tata Group

    Chandrasekaran is one of the biggest leaders in India in the line of business. Currently, he is the COO as well as the Executive Director of Tata Consultancy Services besides being the Chairman of Tata Sons and Tata Group, and reportedly, the first non-Parsi executive head of Tata Group. He recently headed G20 India and is going to spearhead the business agenda.

    Natarajan Chandrasekaran was born in 1963 in Mohanur. It is now part of the state of Tamil Nadu. He graduated in Applied Science from Coimbatore Institute of Technology, Tamil Nadu, and an MCA from the National Institute of Technology in Tiruchirappalli.

    Natarajan Chandrasekaran: Biography

    Name Natarajan Chandrasekaran
    Born June 1963
    Nationality Indian
    Residence Namakkal, Tamil Nadu
    Education Coimbatore Institute of Technology National Institute of Technology, Tiruchirappalli
    Profession Businessman
    Title Chairman of Tata Sons and Group, Board Member of Tata Sons, Board Member of IIM Lucknow
    Spouse Lalitha Chandrasekaran
    Children Pranav (son)
    Salary Annual package of INR 135 crore (as per 2024)

    Natarajan Chandrasekaran: Early Life 
    Natarajan Chandrasekaran: Family
    Natarajan Chandrasekaran: Career Highlights
    Chandrasekaran: Awards and Recognition
    Chandrasekaran: Facts

    Natarajan Chandrasekaran: Early Life 

    Chandrasekaran has been working for TCS since 1987 and was appointed CEO in the year 2009. He is also a life member of IEEE, Senior Member, and Computer Society of India. In the year 1987, he was associated with TCS where his career shot up from COO to executive director, and even climbed up to the level of CEO in 2009. 

    Some other memberships include being an associate member of the Institute of Electrical and Electronics Engineers, a member of the British Computer Society, and of course Computer Society of India. 

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    Natarajan Chandrasekaran: Family

    Natarajan Chandrasekaran: Family
    Natarajan Chandrasekaran: Family

    Chandrasekaran is born into a Hindu Tamilian family in Mohanur, Tamil Nadu, India. At present, he is living with his wife Lalitha in Mumbai. He is a marathoner with his personal best in the TCS New York City Marathon of the year 2014 within 5 hours 00 mins 52 secs. 

    The couple is quite private and has low public profiles, especially on matters of family. He is very spiritual and has undertaken the Char Dham Yatra multiple times. Although he has a very high-profile career, he is known for his simple life and his focus on work-life balance. 

    Tata Consultancy Services: A Giant Legacy in the Global IT Landscape | Founders | Business Model | Revenue Model | Success Story | Growth
    TCS (Tata Consultancy Services) is a global IT services, consulting, and business solutions leader, delivering innovative technology and digital transformation for businesses worldwide. Learn about its success story, business model, owners, revenue model, growth, and more.
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    Natarajan Chandrasekaran: Career Highlights

    Natarajan Chandrasekaran: Career Highlights
    Natarajan Chandrasekaran: Career Highlights

    We observe the strategic step by Chandrasekaran in 2016 in taking over the Chairmanship of Tata Sons by vote of the board which had voted to remove Cyrus Mistry. NCLAT pronounced its verdict on Tata Sons in 2018 following a case initiated by Cyrus Mistry in 2016 who two months after his removal as Chairman raised allegations of mismanagement against Tata Sons. In 2019, the Tribunal restored Mistry as Chairperson to complete his remaining term.

    In January 2020, Tata Sons presented an appeal to the Supreme Court of India against the judgment given by NCLAT. Mistry said that he was willing to continue as a non-executive member of the board but not return as the Chairperson.

    Chandrasekaran is the first Chairman of Tata Sons, who is not from the Tata family, nor even Parsi. Some of the most memorable events of his tenure are:

    • Tata Group took over Air India in 2022. It has been given the final task of the modernization and rebuilding of an airline that has become drowned in mountains of debt through five decades of mismanagement.
    • By the fiscal year 2022-2023, Tata Group’s revenues collectively stood at $150 billion.
    • Renovated the iconic Tata headquarters – Bombay House. He also addressed the concerns of Ratan Tata about the well-being of stray dogs living in the building. 
    • Led the company to provide more online products and embedding AI into internal processes 

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    Chandrasekaran: Awards and Recognition

    Natarajan has received several awards and recognition from the business community. Some of them are: 

    • Best CEO of the year – Institutional Investor’s Annual All-Asia Executive Team rankings (2010-2015) and Business Today 
    • Institutional Indian of the Year in the Business category in 2014 by CNN-News 18
    • Indian Business Icon in 2015 CNBC TV 18 Qimpro Platinum Standard Award 2015
    • Featured by India Today in its 2017 edition of India’s 50 Most Powerful People.
    • Padma Bhushan for his contribution toward excellence in the field of trade and industry in 2022 by Government of India
    • Knight of the Legion of Honour in 2023 conferment by Emmanuel Macron, President of France Frans Baninck Cocq Medal from the city of Amsterdam 

    He has also received multiple honorary doctorates from: 

    • 2010 – SRM Institute of Science and Technology 
    • 2012 – KIIT University 
    • 2013 – Gitam University
    • 2013 – Nyenrode Business Universiteit 
    • 2014 – Jawaharlal Nehru Technological University, Hyderabad 
    • 2017 – National Institute of Technology, Tiruchirappalli 
    • 2021 – Aligarh Muslim University 

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    Chandrasekaran: Facts

    • He is one of the earliest non-Parsi chief executives of India’s most prestigious business houses-Tata Group.
    • He is also an avid marathon runner who last ran at a fast time in 2014 at the TCS New York City Marathon in 5 hours 52 seconds.
    • In recognition of his work in the sphere of industry and trade, he was given Padma Bhushan by the Government of India in 2022.
    • In 2023 he was invested in the Honour of Knight of the Legion by French President Emmanuel Macron.
    • Natarajan has been assigned the responsibility of carrying forward the business agenda for India’s G20 presidency.
    • He was conferred honorary doctorate degrees by Aligarh Muslim University, NIT Tiruchirappalli, and Nyenrdoe Business Universiteit.
    • He was the CEO of TCS before becoming the Chairperson of Tata Sons Group 
    • Natarajan has been voted as Asia’s Top CEO by multiple agencies and has been declared as one of the ‘50 Most Powerful People’ by India Today 
    • He is also on multiple boards such as RBI, NASSCOM, and the IT Industry Governors’ group 

    FAQ

    No, Natarajan Chandrasekaran is not related to the Tata family; he is the Chairman of Tata Sons.

    Who is the current CEO of Tata Sons?

    The current CEO of Tata Sons is Natarajan Chandrasekaran.

    What is the education of Natarajan Chandrasekaran?

    Natarajan Chandrasekaran holds a master’s degree in computer applications (MCA) from the Regional Engineering College, Trichy (now NIT Trichy).

  • Raamdeo Agrawal: The Investment Maven of Dalal Street Shaping Indian Financial Empire

    Raamdeo Agrawal, a well-known figure in the world of Indian business and investments, is the co-founder and Chairman of the Motilal Oswal Group. Agrawal, with his keen financial vision and innovative approach, has brought about substantial changes to the Indian stock market. He is one of India’s most respected business leaders in the Indian financial markets pertaining to his approach towards numbers and a strong reputation for making smart investments. 

    In 1996, Agrawal started the “Motilal Oswal Wealth Creation Study,” a yearly analysis that looks at the past five years’ performance of various companies and highlights India’s top wealth creators. This study changed the game of the financial market by giving buyers a data-driven guide to investing in stocks. 

    Agrawal also came up with the “QGLP” method, which stands for Quality, Growth, Longevity, and Price, a strong way to think about investing in the financial market, showcasing his innovative ideas.

    In this StartupTalker story, let us unpeel Raamdeo Agrawal’s life, challenges, achievements, and how he turned Motilal Oswal into a financial powerhouse that transformed the Indian stock market.

    Raamdeo Agrawal: Biography

    Name Raamdeo Agrawal
    Born April 5, 1957
    Nationality Indian
    Hometown Raipur, Chattisgarh
    Alma Mater Bachelor of Commerce, University of Mumbai Chartered Accountancy, Indian Institute of Chartered Accountants of India
    Profession Chairman, Motilal Oswal Group
    Net Worth $1.7 Billion
    Spouse Sunita Agrawal
    Children Vaibhav Agrawal (Son)
    Parents Ramgopal Agrawal (Father)
    Siblings Karoon Ramgopal Agrawal (Brother) Vinay R. Agrawal (Brother) Sukhdeo Ramgopal Agrawal (Brother)Govinddeo R. Agrawal (Brother)Satish Agrawal (Brother) Anita Anandmurty Agrawal (Sister) Suman Agrawal (Sister)

    Raamdeo Agrawal: Early Life
    Raamdeo Agrawal: Career
    Raamdeo Agrawal: Personal Life
    Raamdeo Agrawal: Motilal Oswal Group
    Raamdeo Agrawal: Journey So Far
    Raamdeo Agrawal: Investments
    Raamdeo Agrawal: Controversies
    Raamdeo Agrawal: Awards and Recognitions
    Raamdeo Agrawal: Unknown Facts / Interesting Facts
    Raamdeo Agrawal: Top Quotes

    Raamdeo Agrawal: Early Life

    Raamdeo Agrawal: Early Life
    Raamdeo Agrawal Early Life

    Raamdeo Agrawal was born in Raipur, a small town in Chhattisgarh, India. From a young age, he was instilled with the morals of empathy and hard work. Due to his natural interest in numbers since childhood, Agrawal developed a strong interest in the financial market by watching how local businesses worked. Seeing his talent and dedication, Agrawal’s family encouraged him to study accounting and pursue Chartered Accounting. 

    To bring this dream, into reality, Agrawal traveled to Mumbai, to make it big and obtained his Chartered Accountancy (CA), which would enable him to expand on his future achievements. Moving to the city was challenging, but his constant dedication to education and personal development brought him success. This commitment prepared him for his vital work in the financial industry of India.

    Raamdeo Agrawal: Career

    Raamdeo Agrawal started as a subbroker in 1987 after studying to become a chartered accountant in Mumbai, embarking on his journey in the financial markets. In the same year, he co-founded Motilal Oswal Financial Services (MOFSL) with a goal to provide India with innovative, research-based financial services. The company has, in the last decade, grown into one of the best financial services companies in the country, with Agrawal and his family owning about 36% of its stake.

    Agrawal’s early knowledge of the market helped him co-write the “Corporate Numbers Game” in 1986. His next book, “The Art of Wealth Creation,” which is very well known, shares his investment ideas. Warren Buffett, whom Agrawal views as his mentor, has dramatically impacted his investment philosophy, which is based on value in the long term. For keeping the highest standards of honesty in tax payments from FY95 to FY99, the Central Board of Direct Taxes gave him the “Rashtriya Samman Patra,” further solidifying his image as a leader in the Indian financial world.

    Motilal Oswal – Business Model | All You Need To Know
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    Raamdeo Agrawal: Personal Life

    Raamdeo Agrawal, co-founder and Chairman of Motilal Oswal Group is known for living a simple and disciplined life despite being very successful in business. Despite living in Mumbai, he believes in maintaining a balance between his work and family duties. 

    Raamdeo Agrawal lives with his wife, Mrs. Sunita Agrawal, and their son, Vaibhav Agrawal, in Mumbai. However, due to his fame and popularity in the financial market, his family has had to suffer from kidnapping and blackmail multiple times. 

    In 2005, Agrawal’s son Vaibhav was abducted from his hostel in Kota and was held for ransom. Even though it was scary, Vaibhav was saved by the police quickly, and the attackers’ driver was caught. This event hugely impacted the Agrawal family, which made Raamdeo Agrawal even more dedicated to family values and strong willpower.

    Agrawal likes to read and study market trends when he’s not at work, showing his love for Indian economics and stocks. This has made him a finance star and a lifelong student of the market.

    Raamdeo Agrawal: Motilal Oswal Group

    Raamdeo Agrawal: Motilal Oswal Group
    Raamdeo Agrawal: Motilal Oswal Group

    In 1987, Raamdeo Agrawal and Motilal Oswal started Motilal Oswal Financial Services Ltd. (MOFSL), with just two employees in a tiny securities division. From these modest origins, the business has expanded to rank among the largest financial services firms in India. Among its several financial services are Private Wealth, Retail Broking, Institutional Broking, Asset Management, Investment Banking, Private Equity, and Home Finance. The company’s success results from honestly doing business, putting the customer first, acting professionally, and following research-based value investment.

    MOFSL spends about 10% of its income on stock research and has a strong team of over 25 research analysts who follow over 250 companies in 20 different industries. This commitment to thorough research has made MOFSL’s advisory services better and won the company praise in the AsiaMoney Brokers Poll and other awards. Media outlets and people in the financial world often quote Motilal Oswal’s reports because they give complete information about market trends.

    MOFSL has reached many vital goals while Agrawal has been in charge. The company serves over 5.5 million consumers from 2,500 business sites in 550 Indian cities and towns. These achievements and important honors, such as the CNBC TV18 Financial Advisor Honours’ Best Performing Equity Broker (National), demonstrate Motilal Oswal’s commitment to innovation and superior financial services in India’s capital markets.

    Raamdeo Agrawal: Journey So Far

    Vision, creativity, and drive influenced Raamdeo Agrawal’s career at Motilal Oswal Financial Services Ltd. (MOFSL). Agrawal and his partner Motilal Oswal started MOFSL in 1987 as a small sub-broking company with only two people. Over time, they grew into one of India’s largest financial firms. 

    With his strong number game and understanding of the stock market, Agrawal put MOFSL at the forefront of India’s changing financial scene by focusing on practices that put the customer first, being open, and investing based on research. The company now has a vast network that spans 550 towns and serves more than 5.5 million clients. It provides various services, such as asset management, investment banking, and wealth management. 

    By putting 10% of MOFSL’s revenue toward research, Agrawal puts a lot of emphasis on thorough equity research. This has won the company a lot of praise and made it a leader in the Indian financial market.

    Raamdeo Agrawal: Investments

    Raamdeo Agrawal has become well-known as an investor by finding chances in equities others overlook using his scientific approach to wealth development. Beginning his career as a sub-broker, he built a portfolio of ten lakhs, which reached thirty crores during the bull run of the 1990s. However, it sank to ten crores following the Harshad Mehta mega stock market scam. 

    Later, Agrawal visited the United States to meet Warren Buffett and study his Berkshire Hathaway letters in order to enhance his strategy and get useful knowledge. Drawing on his knowledge, he reduced his portfolio of 225 equities to only 15, which produced an amazing increase. By 2000, his portfolio was 100 crores, and he made large bets on firms including Hero Honda, Infosys, and Eicher Motors.

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    Raamdeo Agrawal: Controversies

    Even though Raamdeo Agrawal has done many great things in the business world, there has been some speculation about his life. One well-known report said that he and his business partner, Motilal Oswal, have been having tiffs lately, however, in an interview with Forbes India, Agrawal and Oswal stated that any talk of tense ties was just rumors. They talked about how strong their 40-year relationship is because they respect each other and have skills that support each other. They said their success was due to honesty and working together to make Motilal Oswal Financial Services bigger.

    Raamdeo Agrawal: Awards and Recognitions

    1. Rashtriya Samman Patra (FY95-FY99)

    Central Board of Direct Taxes gave Raamdeo Agrawal the Rashtriya Samman Patra five years in a row, his unwavering dedication to tax purity. This prestigious award shows that Agrawal always follows the strictest rules for paying taxes and being responsible with money.

    2. Chhattisgarh Citizen of the Year (2018)

    Agrawal won the “Chhattisgarh Citizen of the Year” award at the Chhattisgarh Excellence Awards 2018. Dr. Raman Singh, the Honorable Chief Minister of Chhattisgarh, gave Agrawal the award to recognize his essential work in the state and the banking sector as a whole.

    Raamdeo Agrawal: Unknown Facts / Interesting Facts

    • Raamdeo Agrawal is a self-taught investor who attributes his success to continuous learning and curiosity.
    • He advocates the “Buy Right, Sit Tight” philosophy, emphasizing the value of holding stocks for the long term.
    • Warren Buffett deeply inspires Agrawal and has shared stages with him at global finance forums.

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    Raamdeo Agrawal: Top Quotes

    “When you buy a stock, you are buying a part of the business. Always remember this.” – Raamdeo Agrawal as Chairman of Motilal Oswal

    “Investing is all about managing risk, not avoiding it.” – Raamdeo Agrawal as Chairman of Motilal Oswal

    “Research, discipline, and patience are the keys to successful investing.” – Raamdeo Agrawal Chairman of Motilal Oswal

    FAQ

    What is the qualification of Raamdeo Agrawal?

    Raamdeo Agrawal is a Chartered Accountant (CA) from the Institute of Chartered Accountants of India and holds a Bachelor of Commerce (B.Com) degree from the University of Mumbai.

    What is the net worth of Raamdeo Agrawal?

    As of December 5, 2024, Raamdeo Agrawal’s net worth is estimated at $1.7 billion.

    Where is Raamdeo Agrawal from?

    Raamdeo Agrawal is from Bhilai, Chhattisgarh, India.

    Who is the owner of Oswal?

    The owner of Oswal is Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services.

  • Vijay Kedia: From Struggles To Stock Market Success; The Inspiring Journey of India’s Ace Investor

    In the world of investing and financial gains, very few stories resonate with people as the story of Vijay Kedia. This self-made trader and investor has been declared a ‘market master’ by the Economic Times because his journey is a testament to showcase a person’s resilience and determination to win against the stock market.

    Vijay Kedia is self-taught and learned everything through trial and error. As per him, “Jab khone ke liye kuch nahi hota to pane ke liye puri duniya hoti hai” (When there’s nothing to lose, the entire world is there to gain). His advice to new investors is to be self-aware and understand management. The market is a game driven by knowledge and passion, and he encourages young people to forge their own paths rather than relying on what others are doing and thinking. 

    According to his wisdom, the idea of overnight wealth is the root of failure in the stock market. He preaches patience and resilience and jokes that in trading only God and liars can buy low and sell high. 

    Vijay Kedia’s mantra for investments is well-situated, but simple and effective: ‘Invest like a bull, sit like a bear, and watch like an eagle.’ Interestingly, he is not only a good investor but also a mentor and leader. With his rags-to-riches story, Kedia is a beacon of inspiration for young investors and entrepreneurs, that no matter what determination and resilience can help anyone achieve financial success. 

    Vijay Kedia: Biography

    Name Vijay Kedia
    Born Calcutta
    Nationality Indian
    Profession Trader and Investor Founder and CEO of Kedia Securities Pvt. Ltd. Career guide
    Education Bachelor of Commerce, University of Calcutta Doctorate Degree for Excellence in Management at Confederation of International Accreditation Commission (CIAC)
    Spouse Manju Kedia
    Children Pratik Kedia (son) Ankit Kedia (son)
    Parents Father – Kishnlal Kedia Mother – Unknown
    Net Worth INR 1,971.5 Cr (approx) (as of December 2024

    Vijay Kedia: Rags to Riches Story
    Vijay Kedia: A Rough Start
    Vijay Kedia: Home & Family
    Vijay Kedia: Career
    Vijay Kedia: Investment Strategy 
    Vijay Kedia: Achievements and Recognition
    Vijay Kedia: Lesser Known Facts
    Vijay Kedia: Famous Quotes! 

    Vijay Kedia: Rags to Riches Story

    Vijay Kedia hails from a Marwari family in Kolkata, where he began trading with his grandfather at the age of 14. Tragedy struck in the year 1978 when Vijay’s father passed away when he was still in Class 10. He barely managed to complete his Bachelor’s in Commerce from Calcutta University. From 19 years old he started a stock brokerage business to help support his family. Even though he faced multiple setbacks, Kedia got married and started his own family.   

    Vijay Kedia: A Rough Start

    Financial problems have plagued Kedia from his early days, up to the point where he did not even have enough money to buy milk for his young child. His wife somehow arranged the milk and he even had to sell his mother’s gold ornaments to make ends meet. He suffered multiple losses in the stock market. It even reached a point where he had to live with 6 people in a single room. But he never gave up.

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    Vijay Kedia: Home & Family

    Vijay Kedia: Home & Family
    Vijay Kedia: Home & Family

    Sadly, he lost his father, Kishanlal Kedia who left for the great beyond when he was in Class 10. He started his stock market work at the age of 19. Still, his family managed to marry him off to Manju Kedia and he has two sons, Pratik and Ankit. As soon as he gets free time, Vijay loves to travel to exotic locations and he is a fitness aficionado. He regularly works out and does yoga and uploads these online to post to his fans. 

    Vijay Kedia: Career

    Vijay Kedia: Career
    Vijay Kedia: Career

    It was at the mere age of 14 years when interest in the stock market developed within due to his grandfather, and he started trading officially at the age of 19 years. Finally, he left his hometown, Kolkata, after some time and shifted to Mumbai in 1990 to actively participate in the stock market. He initiated his own stock brokerage business to help sustain his family.

    He was staying in a room with six other people after he started his business. At the time, he didn’t even make enough to buy milk for his son. 1992 had been very lucky for Kedia. That year the stock market saw a bullish jump and he purchased Punjab tractors’ stock for INR 35 per share. He went on to sell the shares at a 500% premium and used the money to buy ACC shares. The share prices increased by 1000% and he made a sizable profit. 

    After earning a huge profit, he bought a home in Mumbai and took his family over. But the stock market saw a slump and he lost everything in 2001. Once again the market saw a bullish jump in 2002-2003, and Vijay Kedia went on to consolidate his earnings and assets. In 2004-2005 he invested in three companies – Atul Auto, Cera Sanitaryware, and Aegis Logistics. The stock rates for all three companies increased by 100 times in the following 10-12 years. 

    In 2012, Kedia anticipated the structural bull run and went on to set up Kedia Securities.  

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    Vijay Kedia: Investment Strategy 

    Vijay Kedia strictly follows the SMILE principle (Small in Size, Medium in experience, Large in aspiration, and Extra-large in market potential) when he invests. According to Kedia, “One should scout for companies which have good management… Find a very good management, a very honest management, and see the product in which the management is going to grow, going to outperform its peers and the economy… invest in those companies for the next 10–15 years, and you cannot go wrong.” 

    He advises new investors to bet big and ride through the difficult time. But he also comments that luck plays a major role in stock market investing along with courage, knowledge, and patience. Currently, Kedia holds stocks in over 15 stocks that is worth over INR 1,971.5 crore. 

    Company Mar 2024 Jun 2024 Sep 2024 Value Cr.
    Atul Auto Ltd. 20.91 20.91 20.91 318.10
    Elecon Engineering Company Ltd. 1.34 1.34 1.29 162.68
    Innovators Facade Systems Ltd. 10.66 10.66 10.66 38.00
    Mahindra Holidays & Resorts India Ltd. 1.00 1.00 1.00 71.10
    Neuland Laboratories Ltd. 1.09 1.09 1.01 193.76
    Ramco Systems Ltd. – – – 0.00
    Repro India Ltd. 6.34 6.34 6.34 47.29
    Siyaram Silk Mills Ltd. 1.00 1.00 1.00 31.12
    Sudarshan Chemical Industries Ltd. 1.44 1.44 1.44 96.35
    Talbros Automotive Components Ltd. 1.01 – – 0.00
    Tejas Networks Ltd. 1.87 1.87 1.87 409.47
    Vaibhav Global Ltd. 2.01 2.02 2.02 92.07
    Affordable Robotic & Automation Ltd. 9.93 – 9.93 71.63
    Patel Engineering Ltd. 1.55 1.42 – 0.00
    Precision Camshafts Ltd. 1.16 1.16 2.10 59.47
    Om Infra Ltd. 2.49 2.49 2.49 31.62
    Global Vectra Helicorp Ltd. 2.92 4.86 4.86 15.33
    Reliance Infrastructure Ltd. 1.01 – – 0.00
    TAC Infosec Ltd. – – 10.95 85.20

    Vijay Kedia: Achievements and Recognition

    Some of the best achievements and recognitions of Vijay Kedia are: 

    Year Award Name
    2016 Doctorate for excellence in management
    2020 Sarvottam Samman Award
    2021 Shri Babasaheb Ambedkar Award
    2022 Shri Abdul Kalam Award
    2023 Navbharattime NB NEWS award for “Ace Investor”

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    Vijay Kedia: Lesser Known Facts

    • Vijay Kedia was a person who had a fascination with the stock market even when he was 14 years old. He started investing in the stock market at 19 years old.
    • Vijay Kedia lost his father in 1978 when he was merely in Class 10. His failure in the exam then resulted due to his grief over losing his father.
    • At one time he did not have enough money to buy milk for his son and had to share one room with 6 people. 
    • As per Kedia, 1992 was a very good year for him. The stock market saw a bullish phase and he invested in Punjab tractors’ stock for only INR 35 per share. He sold these shares for a 500% premium and bought shares of ACC, and the rest is history. 
    • Kedia was ranked as the 13th most Successful Indian Investor by the Business World in 2016. 
    • Kedia is a fitness enthusiast and does yoga to keep himself fit. He shares his yoga sessions on social media. 
    • Vijay has been a keynote speaker for multiple business schools such as IIMs (Ahmedabad, Amritsar, Bangalore), MDI Murshidabad, and London Business School. 
    • He also works as a career guide and is a motivational speaker at TEDx.

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    Vijay Kedia: Famous Quotes! 

    “Jab khone ke liye kuch nahi hota to pane ke liye puri duniya hoti hai” – Vijay Kedia

    “Always find out the failure story rather than focusing on the success one. Mistakes teach you well.” – Vijay Kedia.

    “Invest like a bull, sit like a bear, and watch like an eagle,” – Vijay Kedia

    “One should scout for companies which have good management… Find a very good management, a very honest management, and see the product in which the management is going to grow, going to outperform its peers and the economy… invest in those companies for the next 10-15 years, and you cannot go wrong.” – Vijay Kedia.

    FAQ

    What is the business of Vijay Kedia?

    Vijay Kedia is a stock market investor and owner of Kedia Securities.

    What is the net worth of Kedia?

    Vijay Kedia publicly holds 15 stocks with a net worth of over INR 1,971.5 crore (approx).

    What is the qualification of Vijay Kedia?

    Vijay Kedia holds a bachelor’s degree in commerce from Calcutta University.

    What is the smile principle of investing?

    The SMILE principle of investing, coined by Vijay Kedia, stands for:

    • Small in size
    • Medium in experience
    • In large demand
    • Leader in their field
    • Excellence in execution

  • Albinder Dhindsa: The Visionary Behind India’s Quick-Commerce Revolution with Blinkit (Earlier Grofers)

    What was essential to push Grofers forward and grow one of the biggest eGrocery players in the Indian market in such a short duration of just 4 years has been the entrepreneurial spirit and the foresight that Albinder Dhindsa carries for the market. 

    Co-founder Dhindsa kept running the day-to-day activities and strategic moves at the helm of affairs within Grofers. From the initial concept to its inception, raising funds to set up the company – Dhindsa led in strategizing the long-term business model and setting up viable supply chains. 

    With a visionary like Dhindsa at its helm, Blinkit (previously Grofers) grew more than 4 times in India and recently crossed over 100 crore monthly GMV or Gross Merchandise Value. Presently, even though acquired by Zomato, Blinkit is one of the biggest players in the eGrocery industry, especially in the Next Day Delivery Model.

    Albinder Dhindsa – Biography

    Name Albinder Dhindsa
    Born Patiala, Punjab
    Nationality India
    Profession CEO, Co-Founder of Blinkit
    Education IIT Delhi University of Columbia (MBA)
    Spouse Akriti Chopra (wife)

    Albinder Dhindsa – Early Life and Education
    Albinder Dhindsa – The Grofers Story
    Albinder Dhindsa – Major Challenges Faced
    Albinder Dhindsa – Growth of Grofers
    Albinder Dhindsa – Business Model
    Albinder Dhindsa – Grofers to Blinkit
    Albinder Dhindsa – Famous Quotes

    Albinder Dhindsa – Early Life and Education

    Albinder hails from Patiala in Punjab. He completed his Bachelor’s program at IIT Delhi and started his career as a transportation analyst at URS Corporation, where he worked for 2 years. Later, he joined Cambridge Systematics as a Senior Associate and worked for more than 3 years. 

    In 2010, he went to the University of Columbia, United States, to pursue his MBA. Here, Dhindsa joined UBS Investment Bank as an associate and worked for 3 months. 

    After completing his MBA, he returned to India and knew he wanted to work in the food domain. He entered the Indian workforce as the new Head of International Operations at Zomato. Here he gathered enough knowledge and experience to begin working on his dream project, Grofers. 

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    StartupTalkyRishabh Rathi

    Albinder Dhindsa – The Grofers Story

    Albinder Dhindsa - The Grofers Founder Story
    Albinder Dhindsa – The Grofers Story

    As Dhindsa worked in the food delivery business, he realised that there were loopholes in the logistics sector. While brainstorming with his partner, Saurabh Kumar, he saw that most of the transactions between the local merchants and consumers were mostly unorganized. 

    As he met and spoke to more and more local merchants with a good customer base, he realized that they struggled to deliver quality goods in a reliable manner. That was the ‘Eureka!’ moment for Dhindsa as he dreamt of a startup that would help with daily problems. That was when the concept of Grofers was born. 

    According to Dhindsa, the initial purpose of Grofers was to offer on-demand pick-up and drop service from shops around the same neighborhood. The shops in question were mostly pharmacies, grocery stores, and restaurants. Their ideology was to provide customers with a one-stop solution for local everyday requirements. 

    After realizing that they needed to confine their business only to pharmacies and groceries (there were enough food delivery apps already in the market). They then rebranded their startup as Grofers – a super-local logistics agency. 

    Albinder Dhindsa – Major Challenges Faced

    Towards the end of 2015, Grofers was running at a loss of INR 225 crores with a revenue of only INR 143 crores. For months, Grofers kept hitting losses, but that changed when they launched a mobile app in 2015. Sadly, the scale-up operation had gone haywire and Grofer’s suffered tremendous losses. 

    Again, Dhindsa identified the loophole and resolved the issue. The problem lies with a complicated and broken supply chain. To help solve this problem, the Grofers entrepreneur set up their own supply chain.   

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    Albinder Dhindsa – Growth of Grofers

    When working for Zomato, Albinder realized that there was a market gap when it came to connecting local merchants with consumers. The idea to create a one-stop solution for all local needs was born and the hyper-logistics company, Grofers, came into existence. Under his leadership, the company was named one of the top 10 start-ups by YourStory.com and was listed in the top 10 promising Gurgaon-based start-ups by IndianWeb2.com. 

    Grofers faced multiple issues and at one moment was running at a loss of INR 7 Crore on revenue of INR 5 crore. However, Albinder came up with the idea to have Grofer’s own warehouse and supply chain management. During the initial stage, investors did not want to join a business that did not return any profits. But Dhindsa and his partner were able to convince some investors. They started by setting up over 60,000 sq. ft. storage facilities in Gurgaon, Delhi, and Bangalore. Smaller warehouses of 20,000 sq. ft. were set up in cities like Jaipur, Hyderabad, and Chennai.   

    With a new and improved supply system, business started booming and the average order value shot up from just INR 750 in 2016, to INR 1300.

    Albinder Dhindsa – Business Model

    Initially, Grofers (now Blinkit) was started as a Business 2 Business (B2B) model but later shifted to a Business 2 Customer (B2C) model. The best aspect of starting Grofers was the endless possibilities of using a hyper-local delivery network. By closing over 500 deliveries per day, Grofers soon became a formidable competitor in the market. By November 2021, the company was delivering 125,000 orders every day under the Grofers’ founder leadership.

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    Albinder Dhindsa – Grofers to Blinkit

    Albinder Dhindsa - Grofers to Blinkit
    Albinder Dhindsa – Grofers to Blinkit

    After being in operation as an online grocery delivery service, Grofers introduced its express delivery system in India. This was done by building dark stores across multiple cities. In July 2021, the company reported a delivery of over 7000 groceries in under 15 minutes in Gurgaon. A month later after completing over 20,000 under-15-minute deliveries in over 10 cities, it introduced its 10-minute delivery program in over 12 cities. In December 2021, Grofers changed its brand name to Blinkit lining it with its vision to embrace quick-commerce. 

    But in 2022 in an effort to cut down their burn rate, Blinkit fired nearly 5% of their total workforce. The year before Zomate acquired a 10% stake in the company, and following multiple discussions in June 2022, Zomato acquired Blinkit for $568 million in an all-stock deal. The acquisition was completed in August 2022. 

    Albinder Dhindsa – Famous Quotes

    “We are not too worried about competition entering the space. The space is not small. We provide customers with a service they didn’t know they needed. We will stay focused on the customer.”

    “You invest in people, you don’t invest in ideas.”

    “Each city is different. Every community requires customization.”

    “Our motivation for starting this business was based only on convenience, but we realized soon enough that there are other reasons too why people come online to buy from us.”

    FAQ

    Who is the CEO of Blinkit India?

    The CEO of Blinkit India is Albinder Dhindsa.

    Where is Albinder Dhindsa from?

    Albinder Dhindsa, the CEO of Blinkit, is originally from Patiala, Punjab, India.

    Is Blinkit bigger than Zomato?

    Blinkit is currently valued higher than Zomato’s food delivery business, according to Goldman Sachs, with a share price of INR 119 for Blinkit compared to INR 98 for Zomato.

    What is Albinder Dhindsa’s education?

    Albinder Dhindsa completed his education at IIT Delhi, where he earned his undergraduate degree before pursuing an MBA at Columbia Business School

  • Sachin Bansal: The Visionary Behind Flipkart and Navi

    Sachin Bansal, an Indian entrepreneur and innovator, has carved a unique path in the business world. Known for co-founding Flipkart, India’s major e-commerce platform, and later as the founder of Navi Technologies, his work has reshaped two major industries: retail and financial services.

    From selling books online to revolutionizing the financial inclusion landscape, Sachin’s career showcases his determination and visionary thinking. Let’s dive into the inspiring story of this successful entrepreneur and learn more about Sachin Bansal’s education, career, net worth, and more.

    Sachin Bansal – Biography

    Name Sachin Bansal
    Birth August 5, 1981
    Birth Place Chandigarh, India
    Education Bachelor of Science in Engineering, Indian Institute of Technology, Delhi
    Position Chairman & CEO of Navi, Co-Founder of Flipkart
    Residence Bangalore, India
    Net Worth $1.2 billion

    Sachin Bansal – Early Life and Education
    Sachin Bansal – Career
    Sachin Bansal – The Rise of Flipkart
    Sachin Bansal – Navi Technologies
    Sachin Bansal – Challenges and Lessons
    Sachin Bansal – Personal Life
    Sachin Bansal – Investments
    Sachin Bansal – Awards and Recognitions
    Sachin Bansal – Impact on the Entrepreneurial World

    Sachin Bansal – Early Life and Education

    Sachin Bansal - Early Life and Education
    Sachin Bansal – Early Life and Education

    Born on August 5, 1981, in Chandigarh, India, Sachin was raised in a modest middle-class family. His childhood was marked by a natural curiosity and interest in technology. Encouraged by his family to pursue education seriously, Sachin excelled in academics. He eventually secured a spot at the prestigious Indian Institute of Technology (IIT) Delhi, where he graduated in 2005 with a degree in Computer Science.

    At IIT Delhi, Sachin’s technical knowledge and problem-solving skills began to take shape. His education instilled a deep understanding of algorithms, data structures, and software development—skills that would prove invaluable in his future endeavors.

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    Sachin Bansal – Career

    Sachin Bansal - Career | The Flipkart Owner
    Sachin Bansal – Career

    After graduating, Sachin began his professional journey at Techspan, a technology startup. Seeking to work in a more dynamic environment, he later joined Amazon India as a software engineer. At Amazon, he was introduced to the potential of e-commerce and became fascinated with creating something similar in India.

    In 2007, Sachin and his IIT batchmate Binny Bansal decided to leap into entrepreneurship. They launched Flipkart, initially an online bookstore, from a small apartment in Bengaluru with a small personal investment. With the tagline “Ab Har Wish Hogi Poori” (Every Wish Will Be Fulfilled), Flipkart aimed to make online shopping easy and trustworthy for Indian consumers.

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    Sachin Bansal – The Rise of Flipkart

    Flipkart’s growth was rapid and revolutionary. Starting with just two employees and a handful of books, the platform soon expanded into electronics, fashion, home goods, and groceries. Its success was driven by customer-centric policies like cash on delivery, a user-friendly website, and hassle-free returns.

    To scale operations, Sachin introduced Flipkart’s own logistics network, Ekart, which became a game-changer in ensuring faster deliveries. By 2018, Flipkart had over 100 million registered users, making it the largest e-commerce platform in India. That same year, Walmart acquired a majority stake in the company for $16 billion, the largest acquisition in Indian corporate history. Sachin’s vision and leadership played a key role in creating this unprecedented success story

    Sachin Bansal – Navi Technologies

    After exiting Flipkart, Sachin ventured into the fintech sector by founding Navi Technologies in 2018. The company focuses on simplifying financial services for Indians, offering affordable personal loans, health insurance, and investment solutions.

    Navi was born out of Sachin’s observation that many Indians lacked access to reliable and transparent financial products. With a digital-first approach, Navi uses technology to reduce paperwork, streamline approvals, and make services accessible to people in underserved areas.

    Under Sachin’s leadership, Navi quickly gained traction, raising significant capital in the previous years and aiming for a valuation of multiple billion dollars by 2024. This success solidified Sachin’s reputation as a serial entrepreneur capable of succeeding across industries.

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    Sachin Bansal – Challenges and Lessons

    Both Flipkart and Navi came with their share of challenges. During Flipkart’s early days, the Indian e-commerce market was uncharted territory. Sachin and Binny faced skepticism from investors and logistical hurdles in delivering products to remote locations. At Navi, regulatory complexities in the financial services sector and fierce competition have presented significant obstacles.

    However, Sachin’s ability to learn from failures and his focus on execution helped him navigate these difficulties. His journey underscores the importance of perseverance and adapting to changing market needs.

    Sachin Bansal – Personal Life

    Despite his professional commitments, Sachin maintains a relatively private personal life. He is married to Priya Bansal, a dentist, and the couple prefers staying away from media attention. They have one son together. Sachin is known for his disciplined lifestyle and work ethic, often working long hours to ensure the success of his ventures.

    In interviews, Sachin has emphasized the importance of balance, highlighting the need to stay grounded amidst the highs and lows of entrepreneurial life.

    Interestingly, he is an online gaming enthusiast.

    Sachin Bansal – Investments

    Sachin Bansal has also emerged as a significant investor in the Indian startup ecosystem. Some of his notable investments include:

    Announced Date Organisation Name Funding Round
    Apr 2, 2020 Navi Technologies Venture Round
    Nov 14, 2019 Navi Technologies Venture Round
    Oct 10, 2019 U Gro Capital Debt Financing
    Jul 24, 2019 Chaitanya Debt Financing
    Jul 21, 2019 Piramal Group Post-IPO Debt
    May 28, 2019 Ather Energy Series C
    Apr 24, 2019 KrazyBee Series B
    Feb 19, 2019 Ola Series J
    Jan 31, 2019 Navi Technologies Angel Round
    Jan 10, 2019 Ola Series J

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    Sachin Bansal – Awards and Recognitions

    Over the years, Sachin has received numerous accolades for his contributions to the business world:

    1. Economic Times Entrepreneur of the Year (2013)
    2. 86th in Forbes India’s Richest (2015)
    3. Time 100 Most Influential People (2016)
    4. The ‘NDTV Indian of the Year award’ in the year (2016)
    5. Economic Times Game Changer of the Decade (2020)

    Sachin Bansal – Impact on the Entrepreneurial World

    Sachin Bansal’s entrepreneurial journey has left an indelible mark on India’s business landscape. By making online shopping mainstream through Flipkart and addressing financial inclusion challenges through Navi, he has significantly contributed to India’s digital and economic progress.

    His story is one of resilience and relentless pursuit of innovation. By leveraging technology to solve real-world problems, Sachin continues to inspire the next generation of entrepreneurs to dream big and act boldly.

    In his own words, Sachin Bansal’s career is a testament to the transformative power of determination and creativity.

    FAQ

    What does Sachin Bansal do now?

    Sachin Bansal is currently the Executive Director and CEO of Navi, a financial services company.

    Are Sachin and Binny Bansal brothers?

    No, Sachin and Binny Bansal are not brothers. They are former colleagues who co-founded Flipkart.

    Who is the Flipkart owner?

    The owner of Flipkart company is Walmart, which acquired a controlling stake of 77% for $16 billion in 2018, valuing the company at $21 billion at the time Walmart further increased its stake to 80.5% in July 2023 by purchasing additional shares for $3.5 billion. The co-founders, Sachin Bansal and Binny Bansal, no longer hold any stake in the company following the acquisition.

    What is Sachin Bansal’s Education?

    Sachin Bansal graduated from the prestigious Indian Institute of Technology, Delhi (IIT Delhi) in 2005 with a degree in Computer Science.

    What is Sachin Bansal net worth?

    Sachin Bansal’s net worth is $1.2 billion, as of December 2024.

  • The Domino Effect: How Tom Monaghan Changed Fast Food Forever

    Domino’s is one of the world’s most popular pizza brands, but its journey to the top wasn’t exactly covered in cheese and pepperoni for its founder, Tom Monaghan. An orphan who struggled in life and in school, Monaghan was able to overcome several hurdles to become a pizza kingpin worth billions.

    Tom in the 60s had taken a loan of only $500 and bought a pizza shop with his brother James. In 1985, however, Monaghan was worth much more than a few hundred million dollars since his pizza empire had spread all over the world. Today, Domino’s has over 7000 stores around the world and an annual revenue of more than $4 billion. So here was the man behind the ’30 minutes or less’ strategy, one that overnight changed the pizza industry.

    Tom Monaghan: Biography

    Name Thomas Stephen Monaghan
    Born Ann Arbor, Michigan
    Nationality American
    Profession Founder of Ave Maria University Founder of Domino’s Pizza Former owner of Detroit Tigers (1983-1992)
    Education University of Michigan
    Spouse Marjorie Zybach
    Children 4
    Net Worth Nearly $1 billion

    Tom Monaghan: A Rough Beginning 
    Tom Monaghan: Entering the pizza business
    Tom Monaghan: Birth of Domino’s Pizza
    Tom Monaghan: Domino’s Revolutionized the pizza industry
    Tom Monaghan: Challenges and wins! 
    Tom Monaghan: Billionaire Lifestyle
    Tom Monaghan: Catholic Activism and Philanthropy
    Tom Monaghan: Ave Maria School of Law
    Tom Monaghan: Ave Maria College
    Tom Monaghan: Political Role
    Tom Monaghan: Awards & Recognitions
    Tom Monaghan: Famous Quotes! 

    Tom Monaghan: A Rough Beginning 

    Tom Monaghan: A Rough Beginning
    Tom Monaghan: A Rough Beginning

    Tom was born in 1973 in Ann Arbor, Michigan. Tragedy struck when he was only 4 years old as his father died on Christmas Eve. His mother felt burdened with the responsibility of caring for two young boys and decided to put Tom and his younger brother James into an orphanage run by the Felician Sisters. Later on, the parents returned to their children, but this experience strengthened Tom’s character and instilled a sense of discipline that was crucial to him later on. 

    Tom aspired to be a priest early in life, but his mischievous nature led to his expulsion from seminary school. When he returned to public school he graduated last in his class. Tom dreamed of studying architecture at Michigan University but due to poor grades and lack of funds, he had to enlist in the Marine Corps. With a disciplined life, he was able to save enough money for college. Sadly, he was swindled out of all his savings by a fraudulent oilman leaving him with only $15 in his pocket. 

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    Tom Monaghan: Entering the Pizza Business

    After multiple false starts in his career, in 1960, James (Tom’s brother) proposed buying a pizza shop in Ypsilanti, Michigan. Combining their savings and borrowing the rest, they purchased Dominick’s pizza, which would be the foundation of their business. Tom jumped into the business and worked over 100 hours a week to make ends meet. But in just six months James left the business by trading 50% of his shares for an old Volkswagen Beetle. 

    Tom Monaghan: Birth of Domino’s Pizza

    Tom Monaghan: Birth of Domino’s Pizza
    Tom Monaghan: Birth of Domino’s Pizza

    Once James left the business, Tom again came face-to-face with financial ruin and had to live off burnt pizza and stale popcorn. He even lost his home in the process. But he persevered and made the pivotal decision to introduce the concept of free pizza delivery. This became a hit among college students and demand surged. Thanks to a jump in demand, Tom further streamlined the business to focus only on pizza, and the company was rebranded into Domino’s Pizza in 1965. 

    Tom Monaghan: Domino’s Revolutionized the pizza industry

    Tom relentlessly pursued improvement in the pizza delivery business and even designed a new pizza box style that would not only keep the pizzas warm but could also be stacked without damaging the pie. This with his famous 30-minute or free delivery model revolutionized the entire pizza industry. Domino’s rapidly expanded with its network of strategically located stores which helped solidify its place in the fast-food industry. 

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    Tom Monaghan: Challenges and wins! 

    With all the success Tom acquired, he has also faced his fair share of challenges. A fire destroyed their main store and office and his overambitious expansion plans nearly made the company bankrupt in the 60s. But Tom was steadfast and resilient. He scaled back his expansion plans, and entirely restructured his company. 

    By 1980 Domino’s had grown to over 5000 stores and Tom was now wealthy enough to fulfill his lifelong dream of buying the Detroit Tigers. Incidentally, they won the World Series the next year. 

    Tom Monaghan: Billionaire Lifestyle

    In the 1980s once Tom reached the list of one of the wealthiest Americans, he went on a spending spree. 

    • He always wanted to fly so bought a Gulfstream jet and a Sikorsky S-76 helicopter. 
    • He always wanted to study architecture but dropped out of college, so started collecting decorative works of his hero, Frank Lloyd Wright 
    • Being a car buff he bought a fleet of cars that even included a customized Bugatii Royale and the Packard that carried F.D.R. for his second inauguration 
    • As a child he found consolation in following the sports journey of the Detroit Tigers, so in 1983 he bought the team

    Tom Monaghan: Catholic Activism and Philanthropy

    Tom grew up as a devout Catholic and has always been interested in pro-life causes. He helped set up a number of Catholic organizations and educational establishments. Monaghan publicly promotes the attendance of mass daily, the recitation of the rosary, and even frequent confession. He has also committed to spending the remains of his fortune on spreading and restoring the Catholic faith. 

    In 1983, Tom set up the Mater Christi Foundation, currently known as the Ave Maria Foundation to help the youth focus on Catholic education, projects, and media. He is also the founder and CEO of Legatus International, an organization of Presidents, CEOs, and business leaders who are committed to spreading the Christian faith. 

    In 1997 he recruited pastor Al Kresta to become the head of Ave Maria Communications, the first Catholic radio apostolate in America. The channel came to be known as Ave Maria Radio. He also established the Ave Maria List, an anti-abortion political action committee, and the Thomas More Law Center, a non-profit law firm dedicated to opposing social issues such as same-sex marriage, abortion, and secularism. 

    The Ave Maria Foundation also helped set up the Spiritus Sanctus Academies which are run and administered by the Dominican Sisters of Mary, Mother of Eucharist. 

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    Tom Monaghan: Ave Maria School of Law

    The Ave Maria School of Law located in Ann Arbor, Michigan opened its doors in 2000 and gained full accreditation from the American Bar Association in 2005. The school was the brainchild of professors Joseph Falvey, Stephen Safranek, Mollie Murphy, and Richard Myers who presented their idea to Monaghan. 

    Tom was intrigued and helped set up the school in Michigan. He served as the President of the school’s Board of Governors. The school’s goal is to help educate competent attorneys who will help influence the legal profession and advance natural law theory. The Ave Maria school had their last Michigan class in the Spring of 2009, after which they relocated to Naples, Florida permanently. 

    Tom Monaghan: Ave Maria College

    Tom’s dream of setting up a Catholic university was fulfilled when he founded Ave Maria College in Ypsilanti, Michigan. But due to lack of funds and faculty and student protests the institution closed its gates in 2007. 

    Tom Monaghan: Political Role

    Tom has been an active member of the Republican party political circuit. He was one of the prime financial backers of Sam Brownback in the 2008 presidential campaign and he even endorsed Donald Trump’s 2020 presidential campaign.  

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    Tom Monaghan: Awards & Recognitions

    • International Franchise Association (IFA) Gold Plate Award (1983) 
    • Horatio Alger Award (1995)
    • IFA Entrepreneur of the Year Award (1986) 
    • Napoleon Hill Award (1987) 
    • Pope John Paul II Family Fidelity Award (1988)
    • Marine Corps Leatherneck Award (1990) 
    • NRN / MUFSO Pioneer of the Year Award (1999)  
    • Honorary degrees from twelve universities around the world, 
    • Named an Honorary Fellow of Magdalene College within Britain’s University of Cambridge (March 2000) 

    Tom Monaghan: Famous Quotes! 

    “I believe everyone on earth has a certain goal/dream in life. I also believe anyone can achieve this if they set their minds to it.”

    “You always get negative reactions. If you worry about that, you would never do anything.”

    “No matter what an individual decides to become, hard work and determination is very important in today’s competitive world. You may also encounter hardships along the way, but you must not get discouraged and you push on in order to fulfill your goals.”

    “I owe all my success to stupidity.”

    “I sometimes compare my brainstorming on paper to the drilling of oil wells. The only way to strike oil is to drill a lot of wells.”

    FAQ

    Does Tom Monaghan still own Domino’s Pizza?

    No, Tom Monaghan sold Domino’s Pizza in 1998.

    What is the relationship between James and Tom Monaghan?

    James and Tom Monaghan are brothers. Together, they co-founded Domino’s Pizza in 1960.

    Who owns Domino’s in India?

    Domino’s in India is owned by Jubilant FoodWorks Limited.

  • Nitish Mittersain’s Inspiring Journey: From Gaming Dreams To IPO Gleam

    Most parents will rebuke their children for spending too much time on their computers, but what if they had the chance of owning the listed gaming company in India? That’s what Nitish Mittersain accomplished as a 17-year-old gamer. Nitish’s early years were nothing like other Indian families because for him a personal computer was not a toy, but a canvas for his creativity. 

    A son of a textile business owner, Nitish’s life has been a total rollercoaster even before he was the legal age to drink. Due to his father’s business, he was forced to deal with the underworld, and with the addition of the dot-com burst, he was left with a crippling debt of INR 3 crores. 

    Starting his business early and loving all things computer-based he did not pay much attention to his health. But when his wife was expecting their first child, he realized that he had become overweight and might be prone to diabetes and heart disease. When his son was born it became clear that he needed to prioritize his health by changing his diet and adding an exercise routine. 

    Nitish Mittersain – Biography

    Name Nitish Mittersain
    Born Mumbai
    Nationality Indian
    Profession Founder & MD of Nazara Technologies Angel and Investment Partner
    Education Sydenham College
    Spouse Shivani Chiripal
    Parents Father – Vikash Mittersain Mother – Unknown
    Net Worth INR 186 Crore

    Nitish Mittersain – Background
    Nitish Mittersain – A Teen Entrepreneur
    Nitish Mittersain – Mentors and Milestones
    Nitish Mittersain – Nazara’s Telco Success Model
    Nitish Mittersain – The Actual Dream
    Nitish Mittersain – Achievement with the first IPO
    Nitish Mittersain – Angel Investor
    Nitish Mittersain – Famous Quotes!

    Nitish Mittersain – Background

    Nitish started his coding and gaming curiosity at the young age of just 14 years. This was mainly due to his rich entrepreneurial background and the profound influence his grandfather had on him. Their dedication and passion for the textile business is what fueled his passion for gaming. But non-believers often told his parents that Nitish might not even go to college due to his gaming habits. But Nitish’s passion peaked when his father bought him his very own personal computer, which changed everything. 

    Nitish’s strong entrepreneurship value comes from his family’s understanding of value for money and he started earning his own money by polishing shoes for INR 2 a pair. They helped instill a sense of passion and the value for money that most people of his generation often overlook. 

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    Nitish Mittersain – A Teen Entrepreneur

    Just from 15 years of age, Nitish started his journey in the world of business. He started creating websites under Internet 3000 Technologies (3K), and at just 19 years old, he founded the company Nazrana in 1998. He recalls that even before starting his own company he worked for an agency where he created websites on a daily basis. 

    Two years later the dot-com crash happened and that was the toughest period for both the company and him. But it taught him the importance of cash flows, long-term sustainable business practices, and profitability. As per his statement, the dot-com crash was definitely a tough period but he gained tremendous insights from it. Only 21 when the crash happened in 2000, he found himself in debt for INR 3-4 crores with no other source of income. The years 2000-2002 were tough on him but helped shape his entire company’s philosophy. Rather than looking at vanity metrics, their focus shifted mainly toward profitability and cash flow. 

    Nitish Mittersain – Mentors and Milestones

    Nitish Mittersain and Mentor Shammi Kapoor
    Nitish Mittersain and Mentor Shammi Kapoor

    Fascinated by technology, Nitish was mentored by actor Shammi Kapoor who provided him with a space for learning. Nitish admits that the actor mentored him and played a very important role in his thought process throughout his formative years. Being passionate about computers and technology, Mr. Kapoor would let Nitish use his three-four Macintosh computers to not only code but also build his business ideas. 

    Another turning point in his life was when Sachin Tendulkar endorsed his company for a cricket game. In 2004, after the dot-com crash when Nitish entered the gaming industry, he struck a pivotal deal with Sachin Tendulkar. Securing this deal meant that he now had a breakthrough with a major player like Airtel, who rushed to sign him on before he took his game (and Sachin Tendulkar) to another operator. 

    Thanks to this partnership, CNBC’s Young Turks invited Nitish which in turn caught the attention of investor Sandeep Singhal from Westbridge Captial. By 2005 the funding came through at Rs. 6 Crore for 40%. 

    Nitish Mittersain – Nazara’s Telco Success Model

    Nitish Mittersain - Nazara’s Telco Success Model
    Nitish Mittersain – Nazara’s Telco Success Model

    By 2014, Nazara had mastered the telco monetization model and achieved a profit by expanding into 50 countries. The business model was based on a subscription-based gaming channel for telcos, much like Netflix. In 2014, the company made a profit of INR 250 crore. 

    Over the next couple of years, Nitish and Nazara found their footing and realized that telco monetization was very efficient. They established a successful model in India between 2007-2009 and then replicated it to over 50 countries (Sri Lanka, Middle East, Africa) from 2009-2014. 

    But Nitish continued to run his business on the lean and mean philosophy he had put into place after the dot-com crash. This meant that they not only remained profitable but were more focused on cash flow. With this ideology, his profits increased to INR 250 crores after tax, with an initial funding of only INR 12 crores. 

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    Nitish Mittersain – The Actual Dream

    In 2014-2015, Nitish thought about returning to his real dream of expanding into multiple genres of gaming. At that point, the Indian market has evolved thanks to mobile usage, better data access, and a jump in digital payment plans. During this time the market boom reminded him of his actual dream and presented him with the chance to expand his gaming dream. 

    Nitish realized that telco-based gaming was profitable but the potential for gaming was seeing a boom with the present generation. It was during this time that he built the “Friends of Nazara” strategy where they would partner with talented individuals from the gaming industry and create a synergy. This strategy meant that he would invest in their companies (with a major stake) but let the founders run their ventures with the support of Nazara. 

    By using this approach not only would Nitish leverage the expertise and passion for new founders but in return he would offer them strategic guidance and funding. This “House of Brands” model helped Nitish and his team stay involved in multiple ventures while the founders retained their passion and workflow independence. This pivotal shift in strategy in 2015-2016 laid the very foundation that helped him succeed. 

    Nitish Mittersain – Achievement with the first IPO

    With the backing of the late Rakesh Jhunjhunwala (INR 200 crores), Nitish decided to go public in 2021 with Nazara. Jhunjhunwala was impressed with how he had built the company on a sustainable business model and had focused more on profitability and cash flow. Rakesh would not only invest in Nazara but also take a personal interest in it.

    Nazara’s IPO is one of the most subscribed options, that achieved over 175 times oversubscription. But, in spite of such a euphoric experience, the fame and glory of the IPO’s success only lasted for a brief moment. For Nitish, the main question plaguing his mind was – what comes next? So, from the IPO the focus of the entrepreneur shifted from the company to the shareholders and meeting quarterly targets. 

    Post IPO Nazara still saw a boom. Revenues increased from INR 450 crores in 2021 to INR 1100 crores by 2024, with an EBITDA of INR 128 crores. Recently, Nazara raised nearly INR 950 crores with a substantial investment from SBI. 

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    Nitish Mittersain – Angel Investor

    Just as other investors helped Nazara rise to its glory, Nitish has also invested in close to 90 companies as an angel investor. Talking about his investment ideas, he added that the market is changing so fast. So interacting with new founders means that not only will they learn from you, but you from them. As per his analysis, Indian startup investments will be one of the highest-returning asset classes in the world in the upcoming 10 years. 

    In the upcoming years, Nitish is looking forward to making more acquisitions.

    Nitish Mittersain – Famous Quotes!

    “(India) is a great place to be, to create wealth for themselves and for everybody here in the country. I’ve been telling a lot of startup founders that in five years, we should convert NSE into India’s Nasdaq”

    “I believe that Indian startup investments will be the highest returning asset class in the world for the next 10 years.”

    FAQ

    Who is the owner of Nazara Technologies?

    The owner of Nazara Technologies is Nitish Mittersain, the founder and managing director.

    Is Nazara debt-free?

    Nazara Technologies is not fully debt-free. It has raised funds through preferential share issues to support its growth plans and financial stability, reflecting some external funding reliance.

    Is Nazara Technologies profitable?

    Yes, Nazara Technologies is profitable. In FY24, its profit rose by 21.8%, driven by growth in e-sports and gaming segments.

  • Satya Nadella Succes Story: The Complete Journey of Microsoft’s CEO

    Satya Narayana Nadella has been the Chief Executive Officer (CEO) of Microsoft by succeeding Steve Ballmer in 2014 and under him, the company had witnessed considerable growth. On 16th June 2021, Nadella was further appointed as the Executive Chairman of Microsoft, succeeding John W. Thompson.

    Nadella is an Indian-American business executive. He is the former Executive Vice President of Microsoft’s Cloud and Enterprise group. His last position was conferred with the job of examining the computing platforms of the company.

    Let’s check out the success story of Satya Nadella and look at his education, qualifications, personal life, professional life, history, achievements, controversies, and more.

    Satya Nadella Biography

    Name Satya Narayana Nadella
    Birthplace Hyderabad, Andhra Pradesh, India
    Born August 19, 1967
    Nationality Indian
    Citizenship United States
    Education Manipal Institute of Technology,
    University of Wisconsin-Milwaukee,
    University of Chicago
    Profession Engineer, Computer Scientist
    Position Chairman and CEO, Microsoft
    Father Bukkapuram Nadella Yugandhar
    Mother Prabhavati
    Spouse Anupama Nadella
    Children 3
    Son Zain Nadella
    Daughters Divya Nadella, Tara Nadella

    Satya Nadella – Personal Life
    Satya Nadella – Education
    Satya Nadella – Professional Life
    Satya Nadella – Microsoft
    Satya Nadella – Microsoft’s Acquisition
    Satya Nadella – Boards & Committees
    Satya Nadella – Awards
    Satya Nadella – Controversies
    Satya Nadella – Philanthropist

    Satya Nadella – Personal Life

    Satya Nadella was born in Hyderabad, India on August 19, 1967. His father, Bukkapuram Nadella Yugandhar was employed as an Indian Administrative Service officer of the 1962 batch. His mother, Prabhavati was a Sanskrit lecturer. His father shifted from Nadella village to Bukkapuram in Anantapuramu district, Andhra Pradesh, and later to Hyderabad.

    Satya Nadella was married to Anupama in 1992. The couple has three children: two daughters and one son. His son, Zain is a legally blind quadriplegic with cerebral palsy. The family resides in Clyde Hill and Bellevue, Washington.

    Satya Nadella with his wife Anupama and son, Zain
    Satya Nadella with his wife Anupama and son, Zain

    Satya Nadella – Education

    Satya Nadella completed his primary education at Hyderabad Public School, Begumpet. He later pursued a Bachelor’s in Electrical Engineering from the Manipal Institute of Technology, Karnataka in 1988.

    Later, he went abroad for higher studies. He completed his M.S. in computer science from the University of Wisconsin-Milwaukee in 1990. He also pursued an MBA from the University of Chicago Booth School of Business in 1997.

    Satya Nadella – Professional Life

    Satya Nadella started his career as a member of the technical staff of Sun Microsystems. In 1992, he joined Microsoft. Initially, he worked on the development of Windows NT. He later led major projects related to cloud computing at Microsoft. He held reputable leadership roles in business and enterprises across Microsoft.

    He also wrote a book, HitRefresh: The Quest to Rediscover Microsoft’s Soul and Imagine a Better Future for Everyone, in 2017. The book consists of his experience and career at Microsoft. Moreover, he declared that the profits from the book would go to Microsoft Philanthropies via nonprofit organizations.

    Satya Nadella's Book - Hit Refresh
    Satya Nadella’s Book – Hit Refresh

    Satya Nadella – Microsoft

    Satya Nadella joined Microsoft in 1992 as a young engineer. Nadella was promoted to corporate Vice President of Microsoft Business Solutions in the year 2001. He was later employed as the vice president of Research and Development (R&D) for the Online Services Division (2007-2011) and Microsoft Business Division.

    He was then promoted to the President of the Server & Tools Division (2011-2014). He vividly helped the company to bring Microsoft’s database, Windows Server, and developer tools to its Azure cloud. The revenue from Cloud Services grossed $20.3 billion in June 2013 from $16.6 billion when he took over in 2011. Moreover, he received $84.5 million in pay in 2016.

    Satya Nadella was appointed as the new CEO of Microsoft company in February 2014. He was sequentially the third CEO of Microsoft, following Bill Gates and Steve Ballmer. Under Nadella, the company’s stock tripled in September 2018, with a 27% annual growth rate.

    After Nadella served Microsoft as its CEO for over 7 years, Nadella was appointed as the Chairman of the firm on June 16, 2021. He succeeded John W. Thompson to become the chairman.

    Nadella proclaimed the amalgamation of Microsoft and Linux to rival other companies like Apple, Salesforce, and Dropbox. Microsoft officially joined the Linux Foundation as a Platinum member in 2016.

    Moreover, he empowered a cultural shift at Microsoft by highlighting empathy, collaboration, and a growth mindset. He has successfully changed the corporate world of Microsoft into an environment that emphasizes continuous learning and growth.

    Satya Nadella’s Strategic Vision

    • Improve your abilities with compelling and successful Excel demonstrations
    • Managing undefined responsibilities well for twenty years
    • Demonstrating remarkable growth and strategic acumen by quickly achieving an amazing 4/10x increase in corporate value
    • Acquiring the Pinnacle Startup at Zero Cost

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    Satya Nadella – Microsoft’s Acquisition

    Satya Nadella’s first acquisition with Microsoft was in 2014. The company acquired a Swedish video game developer, Mojang. Another company best known for the computer game, Minecraft was also acquired by him worth $2.5 billion.

    He also purchased the software company, Xamarin. He then stepped up by purchasing the professional network, LinkedIn worth $26.2 billion in 2016. GitHub was officially acquired by Microsoft on 26 October 2018 for $7.5 billion.

    As CEO, Satya Nadella made big changes at Microsoft:

    • Released Windows 10, skipping Windows 9.
    • Launched Microsoft Surface Book, the first Microsoft laptop.
    • Made Microsoft Office available for Apple’s iPad.
    • Released apps like Microsoft Outlook for iPhone and Android.
    • Allowed Linux to run on the Azure cloud platform.
    • Bought Mojang, the creator of Minecraft.

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    Satya Nadella – Boards & Committees

    • Board of Directors, Starbucks
    • Board of Trustees, Fred Hutchinson Cancer Research Center
    • Board of Trustees, University of Chicago

    Satya Nadella – Awards

    • He was recognized as the Time 100 honoree in 2018.
    • He was named Financial Times Person of the Year in 2019.
    • He was the Fortune Magazine Businessperson of the Year in 2019.
    • He was recognized as a Global Indian Business Icon at CNBC-TV18’s India Business Leader Awards in Mumbai in the year 2020.
    • In 2022, Satya Nadella received the Padma Bhushan, India’s third-highest civilian award, from the Government of India.
    • In January 2024, Satya Nadella received an honorary Ph.D. from the Georgia Institute of Technology.

    Satya Nadella – Controversies

    • On 27 November 2024, Elon Musk shared podcaster Ian Miles Cheong’s complaint with Microsoft CEO Satya Nadella and said, “This is illegal..”
      Cheong, in posts on X (formerly Twitter), accused Microsoft’s gaming team of unfairly favoring non-Whites in hiring.

    • Satya Nadella was highly criticized when he asserted a statement that women should not ask for a raise and should trust the system. The statement was conferred by him while attending an event on Women in Computing.
      He later wrote an apology letter to Microsoft through email, admitting that he was “Completely wrong”. Before the formal apology to the company, he apologized on Twitter as well.

    Satya Nadella – Philanthropist

    Satya Nadella is on the board of Fred Hutchinson Cancer Research Center and the University of Chicago’s board of trustees. All the money from his book Hit Refresh was donated to Microsoft Philanthropies.

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    Conclusion

    Satya Nadella’s story is inspiring to all generations. Satya Nadella didn’t build an enterprise himself. He worked hard to achieve this success. He was selected to run an existing large enterprise depending on his past work and leadership skills.

    Nobody cares what degrees you’ve got or from which college or university you’ve graduated from. The only thing that matters is what you can give to the company. The company only cares about your ability to do the job and in Satya Nadella’s case, Microsoft had 22 years to evaluate that. People admire Satya Nadella for his positive leadership skills and empathy towards the employees which have made him the best CEO to work with.

    FAQ’s

    What is Microsoft CEO name?

    Satya Nadella is the current CEO and chairman of Microsoft.

    When did Satya Nadella become Microsoft CEO?

    Satya Nadella officially became CEO of the company on Feb 4, 2014.

    Is Satya Nadella Indian?

    Yes, Satya Nadella was born in Hyderabad, India on August 19, 1967.

    What is Satya Nadella net worth?

    Satya Nadella’s net worth is estimated to be INR 7500 crore as of July 2024.

    What is Satya Nadella education?

    Satya Nadella has an M.S. in computer science from the University of Wisconsin-Milwaukee and an MBA from the University of Chicago Booth School of Business. He has done B.E. in Electrical from the Manipal Institute of Technology, Karnataka, India.

    How did Satya Nadella become CEO of Microsoft?

    Satya Nadella became CEO of Microsoft in 2014 due to his successful leadership in cloud computing and enterprise services. His innovative vision and results-driven approach impressed Microsoft’s board, leading to his promotion.

    What was Satya Nadella first job?

    Satya Nadella’s first job was at Sun Microsystems, where he worked as a member of the technology staff before joining Microsoft in 1992.

    Who is Satya Nadella wife?

    Satya Nadella is married to Anupama Nadella.

  • Amit Jain: The Visionary Behind CarDekho’s Success

    Amit Jain is the Chief Executive Officer (CEO) and Co-founder of GirnarSoft, an IT externalizing company that launched CarDekho in 2008. The CarDekho website and mobile application help its users buy the right vehicle they are looking for. The reliable reviews of experts help the users differentiate and compare the vehicles to buy the most preferable one. The comparisons are done through detailed information, pictures, and videos of the brands and models available in India.

    Amit Jain CarDekho’s co-founder is soon going to be seen judging the popular show, Shark Tank India along with other sharks. Discover more about Amit Jain’s net worth, personal and professional life, education, and more.

    Amit Jain- Biography

    Name Amit Jain
    Born 12 November 1976
    Birthplace Jaipur, India
    School St. Xavier’s, Jaipur
    College IIT Delhi
    Position Co-Founder & Group CEO, CarDekho
    Net Worth INR 3017 Crores (2024)

    Amit Jain – Family
    Amit Jain – Education
    Amit Jain – Professional Life
    Amit Jain – Position of Responsibility
    Amit Jain – Shark Tank India
    Amit Jain – Success Story
    Amit Jain – CarDekho
    Amit Jain – GirnarSoft

    Amit Jain – Family

    Amit Jain, the Cardekho owner was born and brought up in India. He completed his academics in Jaipur and Delhi. His mother, Nilma Jain is a homemaker and his father, the Late Mr. Prashant Jain was an ex-RBI officer and also a gemstone businessman. Amit has a younger brother, Anurag Jain who is the co-founder and COO of CarDekho Group. Amit’s wife, Pihu Jain is the Head of Girnar Foundation. Amit Jain has twin sons.

    Amit Jain – Education

    Amit Jain, CarDekho’s CEO did his schooling at Saint Xavier’s School, Jaipur. After finishing school, Amit studied science and passed the Engineering Entrance Exam. He then got into IIT Delhi.

    Amit Jain – Professional Life

    In the year 1999–2000, Amit worked as a Software Engineer at Tata Consultancy Services. After that, he worked as a Senior Associate, Delivery Manager, and Product Manager at Trilogy for about 6 years and 11 months. In 2007, Amit co-founded GirnarSoft, the IT firm, along with his brother Anurag Jain, with the dream of starting a business from their hometown. Later, in 2008, Amit and Anurag both co-founded CarDekho.com, the flagship portal of GirnarSoft.

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    Amit Jain – Position of Responsibility

    He established a company named GirnarSoft with his brother in 2007, which launched CarDekho in 2008. He is the CEO of the company and Co-Founder along with his brother. He aimed to build an online platform that would drive traffic from Google and appear at the top. Amit and his brother dreamed of establishing a million-dollar company through an IT-based firm. His efforts paid off with fruitful results. Their online venture, CarDekho, eventually gained huge gross profits.

    Millions of people visited the website and returned to learn about the reviews and features of various cars. Amit understood that this was going to work, and the brothers invested more employees and time in the CarDekho online venture. Buying a car is, for sure, an important decision for a middle-class family, they need to have proper guidance. CarDekho proves to be the best online platform that the common man needs.

    Amit Jain – Shark Tank India

    Amit Jain - Shark Tank India
    Amit Jain – Shark Tank India

    Shark Tank India Season One turned out to be a great success for numerous startups as well as the sharks. Amit Jain replaced the first season’s most prominent shark, Ashneer Grover in the second season of Shark Tank India.

    Amit was super thrilled to be a part of the show. While expressing his excitement, he wrote on his LinkedIn, “Looking forward to mentoring budding entrepreneurs on the show to build a new India.”

    Being a judge on one of the most popular shows among Indian audiences has undoubtedly added to Amit’s success.

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    Amit Jain – Success Story

    Amit and his brother started with a small garage at their home. They dreamed of establishing an IT outsourcing firm, and soon a team of 20 people started working for them. The first year of the company proved to be profitable, and eventually, they could buy a place for an office. But in 2009, the company went bankrupt when the stock market crashed. At that time, the company had about 70–80 employees, and they didn’t even have money to pay their salaries. Amit didn’t know how he would manage the office expenses, salaries, etc. Without losing hope, he learned that it is very important to use corporate money with sanctity.

    With a pre-established company, both the brothers started thinking of an online venture CarDekho. However, they were still in a dilemma of paying employees of their team. Still, they made CarDekho live in just two weeks. The idea of launching CarDekho came when they attended the Auto-Expo in Delhi. After doing the necessary calculations, they got to know that they could recover their loss through this online venture. The turning point came when they took CarDekho as an official flagship project.

    Very few people think of initiating their business from their home town. Also, there are a few examples of people who have really started their ventures from their hometown and accomplished them gradually. Amit Jain is undoubtedly among those examples, who has not only established his firm but also brought huge success and fame to his name and hometown.

    Amit Jain – CarDekho

    Not a single penny was spent on marketing CarDekho, still, it achieved more popularity than any other application software launched by GirnarSoft. It has now become India’s number one Autotech portal and Rajasthan’s first unicorn startup. The company boasts having more than 35 million monthly unique users, 6000+ monthly used car sales, and 3000+ new cars sold monthly.

    In 2013, the company got weighty funding from an American-based company, Sequoia Capital. It significantly attracted many companies for advertising because of the spectacular online presence of CarDekho. Later, it also acquired Gaddi.com in 2014 and Zigwheels in 2015. Without any doubt, CarDekho played a vital role in lifting the name of the parent company GirnarSoft. CarDekho became a unicorn startup in India after raising $250 million in its Series E funding round in October 2021, bringing its valuation to $1.2 billion.

    CarDekho is planning to launch an IPO in 2025 and is talking to investment banks about it. The company aims to raise INR 3,000 crore to INR 4,000 crore. The bankers for the IPO will be chosen soon, according to a source. With an estimated worth of $2 billion to $2.5 billion, the IPO would almost double its prior valuation.

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    CarDekho Group Acquisitions Under Amit Jain’s Leadership

    Year Acquisition
    2014 Gaadi
    2015 ZigWheels
    2018 PowerDrift
    2019 Carmudi Phillipines
    2023 Revv

    After completing 11 terrific years of CarDekho, Amit Jain CarDekho owner disclosed the new Logo in February 2019. The snazzy new logo manifests the automated settings of the app. Like, whenever a new car comes on the market, an old and new comparison tool is designed to clear things up. Both the brothers acceded for a Logo especially designed on the pockets of their white shirts, be it old or new.

    The basic aim of CarDekho was to provide data on different cars so that people may understand the features offered in a car. Comparison, reviews, and feedback are something that makes a product reliable and give satisfaction to the customer.

    Amit Jain – GirnarSoft

    Parent Company of CarDekho - GirnarSoft
    Parent Company of CarDekho – GirnarSoft

    GirnarSoft is a company providing business value-based IT solutions and services. Amit founded the company along with his brother in 2007. It is the parent organization of CarDekho and is headquartered in Jaipur, Rajasthan. The company offers a variety of services like mobile application development, Automotive, Outsourcing IT solutions, custom software development, etc. It operates automotive portals and marketplaces like PriceDekho, BikeDekho, InsuranceDekho,OTO.com, and various other portals around the world.

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    FAQs

    Who is CarDekho owner?

    The CarDekho Founders are Amit Jain and Anurag Jain. Amit Jain is also the CEO of CarDekho.

    What is Amit Jain education?

    Amit Jain is an IIT Delhi passout.

    Who is in Amit Jain family?

    Amit Jain is married to Pihu Jain. They have twin sons together.

    What is Amit Jain age?

    Amit Jain was born on 12 November 1976. He is 48 years old.

  • Mukesh Ambani: The Visionary Business Mogul Redefining Asia’s Business World With Innovation, Influence, and Impact

    MD and Chairman of Reliance Industries, Mukesh Dhirubhai Ambani is India’s very own desi Richie Rich. With a staggering net worth of $119.5 billion, the Indian billionaire is not only the richest man in Asia and 9th richest in the world but is also 1st on the Forbes List of India’s 100 Richest Men.

    In this StartupTalky story, we’ll dive into the success story of Mukesh Ambani, his early life, childhood, personal life, education, philanthropy, Reliance Industries, achievements, and more.

    Mukesh Ambani: Biography

    Name Mukesh Dhirubhai Ambani
    Born 19th April, 1957
    Nationality Indian
    Profession Chairman & Managing Director, Reliance Industries
    Education St. Xavier’s College, Mumbai
    Institute of Chemical Technology (B.E.)
    Spouse Nita Ambani
    Children Akash Ambani, Anant Ambani, Isha Ambani
    Siblings Anil Ambani (brother)
    Nina Bhadrashyam Kothari (sister)
    Dipti Dattaraj Salgaonkar (sister)
    Parents Dhirubhai Ambani (father)
    Kokilaben Ambani (mother)
    Net Worth $119.5 billion

    Mukesh Ambani: Raised From Humble Beginnings
    Mukesh Ambani: Bright From The Start
    Mukesh Ambani: Home & Family
    Mukesh Ambani: Family Feuds
    Mukesh Ambani: Expanding of RIL
    Mukesh Ambani: A Doyen of Business
    Mukesh Ambani: Building A Nation
    Mukesh Ambani: Achievements and Recognition
    Mukesh Ambani: Trouble in Paradise
    Mukesh Ambani: Philanthropy
    Mukesh Ambani: Memberships of Boards
    Mukesh Ambani: Famous Quotes!

    Mukesh Ambani: Raised From Humble Beginnings

    Born to Dhirubhai and Kokilaben Ambani on the 19th of April, 1957 in the British Crown colony of Aden, Mukesh Dhuribhai Ambani has three siblings- Anil Ambani, Nina Bhadrashyam Kothari, and Dipti Dattaraj Salgaonkar.

    Dhirubhai Ambani owned a spices and textiles business called “Vimal” which was rebranded as “Only Vimal” later and soon moved to India to begin trading while the Ambani family stayed in Yemen.

    Born from simple beginnings, the Ambani family resided in a simple two-bedroom flat in Mumbai until the 1970s and continued to live in a Chawl communal society and use public transport even after their economic condition improved with time. It was much later that Dhirubhai Ambani bought the 14-storey apartment complex “Sea Wind” in Colaba where the families started living on independent floors.

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    Mukesh Ambani: Bright From The Start

    Mukesh Ambani completed his schooling at Hill Grange High School along with his brother and friend Anand Jain. He completed his graduation from St. Xavier’s College and went ahead to pursue his B.E. in Chemical Engineering from the Institute of Chemical Technology. 

    The gifted student had also enrolled for his MBA from Stanford University but dropped out in 1980 to aid his father in setting up their fast-growing enterprise- the iconic Reliance. His belief in learning from real-life situations and not in classrooms- a proven ideology has made Mukeshbhai Ambani the business tycoon he is today. 

    As a man of the soil, he also invited his son to take over the yarn manufacturing plant and learn from life experiences rather than pursue theoretical degrees.

    Mukesh Ambani: Home & Family

    Mukesh Ambani Family
    Mukesh Ambani Family

    Married in 1985 to Nita Ambani, Mukesh is a father to three children; the twins Akash and Isha and son Anant Ambani, Mukesh Ambani fulfilled the role of being a devoted son by agreeing to an arranged match that was arranged by his father who had spotted Nita at a dance performance.

    Despite living in the 27-storeyed prestigious Antilia and being surrounded by 600 staff members, 3 helipads, a fitness center, a private movie theatre, and a 160-car garage, and becoming India’s first private aircraft owner with his Boeing 575 Max 9 for INR 1000 crore, Mukesh Ambani remains a simple down-to-earth tea-totaller and strict vegetarian.

    Mukesh Ambani: Family Feuds

    Mukesh Ambani gained joint leadership of Reliance Industries in 2002 with his brother, Anil Ambani after Dhirubhai Ambani passed. Unfortunately, the brothers were unable to see eye to eye and soon Kokilaben Ambani was prompted to split the assets between the brothers. Mukesh Ambani got control of the oil, gas, and petrochemicals sectors while Anil Ambani was given power generation, telecommunications, and financial services.  

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    Mukesh Ambani: Expanding of RIL

    Mukesh Ambani is credited for setting up one of the biggest petroleum refineries at Jamnagar, Gujarat in 1999. He also spearheaded the setting up of multiple state-of-the-art manufacturing plants to increase RIL’s capacity. 

    Once again in 2008, he established another refinery near the first one. In 2006, he led the establishment of Reliance Retail – the largest chain of physical and online stores. As of 2023, Reliance Retail had a customer base of 249 million in India. 

    Mukesh Ambani: A Doyen of Business

    Taking RIL to a New Height

    Credited with setting up one of the biggest petroleum refineries at Jamnagar, Gujarat in 1999, Mukesh Ambani also led the charge to set up multiple innovative manufacturing plants across the country to drive RIL’s growth and established a second refinery near the first one in 2008. The feather in his cap was instituting the largest chain of online and physical stores leading to a customer base of 249 million clients in India by 2023.

    The Man With The Golden Touch

    The acquisition of the Mumbai Indians in 2008 brought the Ambani family into the limelight as it was the only IPL team to gain brand value during the pandemic.

    Mukesh Ambani also founded Jio Platforms in 2010 as a wholly-owned subsidiary of RIL in the fields of telecommunications and eCommerce after signing the non-competition agreement signed in 2006.

    February 2024 led to India’s largest media joint venture when Mukesh Ambani’s RIL came together with Viacom18 and Disney to be valued at $8.5 million and reached more than 750 million viewers with exclusive rights to distribute Disney in India.

    Mukesh Ambani: Building A Nation

    As a believer that the country’s national policies drive economic growth and development, Mukesh Ambani supports the government’s programs that boost digital infrastructure and renewable energy- tenets that have a strong base in Reliance Industries’ strategic investments in Jio and even commended Prime Minister Modi’s initiatives to make India the third largest global economy at the Reliance Group AGM in 2024.

    As an innovative businessman, Mukesh Ambani has always backed India in areas like artificial intelligence, robotics, and life sciences that further the nation’s opportunities in the Global South while striving to eliminate developmental disparity. 

    RIL’s business strategies and company policies aim to increase India’s energy security, environmentally friendly projects, and economic power through positive reinforcement and impactful changes. Despite avoiding political ties, Mukesh Ambani has constantly enabled development in India’s industrial and infrastructural sectors which support the long-term vision and goals of the current government.

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    Mukesh Ambani: Achievements and Recognition

    Some of the best achievements and recognitions of Mukesh Ambani are: 

    Year Award Name Organization
    2000 Ernst & Young Entrepreneur of the Year Ernst & Young India
    2010 Global Vision Award Asia Society
    2010 School of Engineering and Applied Science Dean’s Medal University of Pennsylvania
    2010 5th best performing global CEO Harvard Business Review
    2010 Global Leadership Award Business Council for International Understanding
    2016 Foreign associate, US national academy of Engineering National Academy of Engineering
    2016 Othmer Gold Medal Chemical Heritage Foundation
    2019 Padma Vibhushan Indian Government
    2024 Lifetime Achievement Award Voice & Data
    2024 Brand Guardianship Index Brand Finance

    Mukesh Ambani: Trouble in Paradise

    When RIL went public in 2006 as a subsidiary of Reliance at Rs. 60 per share, the stock market crash of 2007 saw their share prices float to Rs. 100 per share and then come back to Rs. 60. A fine that cost RIL Rs. 950 crores for manipulation of shares of RPL as SEBI believed that RIL carried out organized operations with their agents to help gain unauthorized profits from trading its listed unit, RPL, that was combined with the former. 

    Mukesh Ambani: Philanthropy

    • Reliance Foundation Initiatives: The Reliance Foundation was set up in 2010. This foundation is predominantly working in the areas of health, education, rural development, and sports. It has benefited millions of Indians through these programs​.
    • Healthcare: Providing free health services and specialized medical care through hospitals and mobile clinics. Reliance Foundation Hospital in Mumbai is a good example​. 
    • Education: Scholarships to postgraduate and undergraduate students and initiatives that promote youth in digital and green innovation​.
    • Rural Development: Projects include water conservation, agricultural support, and livelihood improvements in rural villages​.
    • Sports Development: Sponsorship and coaching of Indian sportspersons, involving support for participants in Asian Games and making an effort to get the game of cricket featured at international events​.
    • Disaster Relief: Donations to disaster-stricken regions, including aid to the families of those who were martyred and relief efforts during the COVID-19 pandemic​.
    • Sustainability and SDGs: Partnership with the United Nations toward addressing Sustainable Development Goals, focusing on leadership for the country, especially concerning India’s influence toward betterment worldwide.
    • Cultural Conservation: Grants to the domain of art, culture, and education, promoting Pichavai art and Olympic values in India.

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    Mukesh Ambani: Memberships of Boards

    • Former Vice-Chairman, Reliance Petroleum 
    • Chairman of Board, Reliance Petroleum 
    • Member of the Board of Governors, Institute of Chemical Technology
    • Former Chairman, Indian Petrochemicals Corporation Limited 
    • Chairman, MD, of the Finance Committee
    • Former director, Member of Credit Committee, and Member of Compensation & Benefits Committee, Bank of America Corporation 
    • Chairman and Chairman of Audit Committee, Reliance Retail Limited 
    • Member of the Board of Trustees of the World Economic Forum

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    Mukesh Ambani: Famous Quotes!

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    I am a big believer that whatever has gone lies in the past. You should only learn from it, and you should only look at the present and the future. That’s been my father’s philosophy and mine as well.
    💡
    At Reliance, we have always believed in investing in the businesses of the future and in investing in talent.
    💡
    I have always believed that technology drives human civilization’s endeavour and progress.
    💡
    My obsession is with technology and how it can improve human life. In my view, what we have seen in the last 300 years is only a trailer.
    💡
    I am personally a big believer that technology is the biggest driver of human development, and if you can use technology to benefit people, then that’s the best business you can have.

    FAQs

    Who is Mukesh Ambani?

    Mukesh Ambani is an Indian billionaire and the chairman of Reliance Industries, one of the largest conglomerates in India. He is involved in various industries, including petrochemicals, refining, oil, telecommunications, and retail. Mukesh Ambani is one of the richest people in the world.

    Who is Mukesh Ambani wife?

    Mukesh Ambani is married to Nita Ambani.

    What is the net worth of Mukesh Ambani?

    The net worth of Mukesh Ambani as of November 2024 is $119.5 billion.

    How Dhirubhai Ambani became rich?

    Dhirubhai Ambani became rich by starting Reliance Industries in 1966, focusing on textiles, and later expanding into petrochemicals, oil, and telecom. He used innovative strategies like raising capital through public offerings and vertical integration to grow his business rapidly, making him one of India’s wealthiest entrepreneurs.

    Who is Mukesh Ambani right hand man?

    Manoj Modi, often called Mukesh Ambani’s “right hand,” plays a key role in making important decisions for Reliance Industries and its subsidiaries. His daughter is also actively involved in the company and works closely with Isha Ambani.